Egypt: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Egypt

The Egyptian non-cotton terry towelling market contracted to $X in 2021, falling by -6.1% against the previous year. Overall, consumption recorded a slight reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Cotton Terry Towelling Production in Egypt

In value terms, non-cotton terry towelling production reduced to $X in 2021 estimated in export price. In general, production showed a slight decrease. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Non-Cotton Terry Towelling Exports

Exports from Egypt

In 2021, approx. X square meters of terry towelling (excluding of cotton) were exported from Egypt; picking up by 27% on the previous year's figure. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 568%. Over the period under review, the exports reached the maximum at X square meters in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, non-cotton terry towelling exports surged to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 883% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X square meters), Kenya (X square meters) and the UK (X square meters) were the main destinations of non-cotton terry towelling exports from Egypt, with a combined 71% share of total exports. The United Arab Emirates, France, Kuwait and Palestine lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +136.8%), while the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), the United Arab Emirates ($X) and the UK ($X) were the largest markets for non-cotton terry towelling exported from Egypt worldwide, with a combined 74% share of total exports. Saudi Arabia, France, Kuwait and Palestine lagged somewhat behind, together comprising a further 26%.

France, with a CAGR of +130.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-cotton terry towelling export price stood at $X per square meter in 2021, surging by 27% against the previous year. Overall, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2020 an increase of 47% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.1%), while the prices for the other major destinations experienced a decline.

Non-Cotton Terry Towelling Imports

Imports into Egypt

In 2021, the amount of terry towelling (excluding of cotton) imported into Egypt shrank markedly to X square meters, which is down by -30.9% on the previous year's figure. Over the period under review, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 49%. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-cotton terry towelling imports rose markedly to $X in 2021. Overall, imports recorded a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 13%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X square meters), Pakistan (X square meters) and China (X square meters) were the main suppliers of non-cotton terry towelling imports to Egypt, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of -20.2%), while imports for the other leaders experienced a decline.

In value terms, Turkey ($X), Pakistan ($X) and China ($X) constituted the largest non-cotton terry towelling suppliers to Egypt, together comprising 64% of total imports.

Pakistan, with a CAGR of -29.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-cotton terry towelling import price stood at $X per square meter in 2021, with an increase of 64% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. Over the period under review, average import prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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